Economics

U.K. Reaches No-Deal Brexit Trade Pact With Norway and Iceland

U.K.'s Speaker Blocks May's Plan to Put Brexit Deal to Another Vote

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By Jonas O Bergman and Tim Ross

March 18, 2019 at 6:19 PM UTC

Updated on

March 18, 2019 at 10:37 PM UTC

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The U.K. reached a temporary deal that secures trade with Norway and Iceland should Britain tumble out of the European Union with no deal at the end of March.

The accord secures prolonging zero tariffs on industrial goods, including Norway’s massive natural gas exports, and on established quotas on seafood and agricultural products, according to a statement from Norway’s Foreign Ministry.